Bookkeeping has evolved over the years. It used to be a tedious task requiring manual postings in various ledgers and journals. Then came one-write systems that used carbon paper…read more
In order to speed up the audit process and be more efficient, the Internal Revenue Service has been increasing the use of correspondence audits. After two notices of the…read more
Exempt organizations are required to file with the IRS annually regardless of the amount of gross receipts they receive. Those whose gross receipts are normally under $50,000 file Form…read more
The standard mileage allowance for business transportation expenses has decreased to 54 cents per mile. This is the amount that can be deducted for each business mile traveled. This…read more
